The Mudcat Café TM
Thread #86370   Message #1606360
Posted By: jeffp
16-Nov-05 - 08:58 AM
Thread Name: BS: Indigo Children - on CNN last night
Subject: RE: BS: Indigo Children - on CNN last night
A single person earning $30,000 gross will, after taking the standard deduction owe $2,946 in federal income tax. Generally, itemizing deductions is only helpful if you have a mortgage or can put together other deductions totaling over $4,850 for a single person.